Rice Market: Long-Grain Rough Rice Sales Up 27% from 2020 Aug 2, 2021

🕔Aug 2, 2021
The big news this week came on Thursday with the announcement of U.S. rice sales to Iraq.  This pushed nearby futures up to $13.85 at one point in Thursday’s trading.  […]

Rice Market: Confirmed Sales to Iraq Bring Good News as Harvest Starts Jul 30, 2021

🕔Jul 30, 2021
In the US, the news of the Iraq business keeps getting better. The original report of 60,000 metric tons was bumped to 80,000 metric tons, and now it appears that […]

Rice Market: UK-Australia Trade Deal Not Likely to Impede U.S. Exports to Britain Jul 30, 2021

🕔Jul 30, 2021
Earlier this summer, the United Kingdom (UK) and Australia reached an agreement in principle on a trade deal that paves the way for increased Australian rice imports. On June 17, […]

Rice Market: 120K Tons Sold to Iraq Jul 29, 2021

🕔Jul 29, 2021
Sales of 80,000 tons of U.S. rice to Iraq have just been announced by ADM (subject to letter of credit approval), and an additional 40,000 tons was sold by Supreme […]

Rice Market Update: New Sales to Iraq Pending Confirmation Jul 22, 2021

🕔Jul 22, 2021
Price drops in Asia continue, and it’s almost confusing given that Thai prices are now right in line with India. Last week we discussed that despite the drop in Thai […]

Rice Market: No Supply Side Changes, Exports Increased Jul 19, 2021

🕔Jul 19, 2021
On Monday this week USDA released its monthly WASDE report.  The most significant adjustments this month for long-grain were made to the old crop (20/21) balance sheet.  There were no supply […]

Rice Market: Surprising Lack of Change to USDA’s Acreage Jul 6, 2021

🕔Jul 6, 2021
USDA released its’ much-anticipated June Acreage report this week.  The most surprising aspect of the report was the lack of change from the March intentions.  Likely the report left traders with more […]

Rice Market Update: Lackluster Response to USDA Acreage, Stock Reports Jul 3, 2021

🕔Jul 3, 2021
Cash prices traded sideways this week, despite the two significant USDA reports that were published. Earlier this week, the USDA released both the June Acre report and the June Stocks which […]

Rice Market Update: All Eyes on June 30 Acreage Report Jun 26, 2021

🕔Jun 26, 2021
Although there are a few cash bids surfacing, the cash market is still considered extremely quiet. Because the bids that are surfacing vary significantly, it appears that mills are offering more […]

Rice Market: Outside Factors Driving Price Direction Jun 21, 2021

🕔Jun 21, 2021
Pick your poison.  You could find any number of reasons and excuses why ags were annihilated last week.  Several traders mentioned China’s efforts to curb speculation in commodities. Most importantly […]

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